Leonardo Hotels slashes losses by more than £50m September 26, 2024 Leonardo Hotels slashed its pre-tax loss by more than £50m during its latest financial year thanks to the market continuing its post-pandemic recovery. The group, which has hotels in the North West, North East, West Midlands, London, South West and Scotland, has reported a pre-tax loss of £3.7m for 2023. The latest figure comes after Leonardo [...]
Accor: Novotel, Pullman Mercure hotels return to the black as profit jumps at Ibis September 17, 2024 The company behind Accor’s Novotel, Pullman and Mercure brands in the UK returned to the black in 2023 while profit jumped its Ibis division, it has been revealed. Newly-filed results for both divisions have revealed a significant jump in their turnover and profit for their latest financial years. The accounts, filed with Companies House, also [...]
The Lanesborough: Value of five-star London hotel falls as loss widens September 13, 2024 The value of five-star hotel The Lanesborough has been cut as its pre-tax loss widened during its latest financial year.
Five-star former Ryder Cup host Celtic Manor Resort falls into the red September 11, 2024 The company behind the former Ryder Cup host Celtic Manor Resort slipped into the red in 2023 despite a jump in its turnover, it has been revealed. The five-star golf, spa and hotel destination, which is located near Newport in Wales, has reported a pre-tax loss of £1.6m for the year after posting a pre-tax [...]
Macdonald Hotels & Resorts back in the red as cost increases bite September 9, 2024 Macdonald Hotels & Resorts slumped back into the red during its latest financial year as it battled a rise in its costs. The group, which is headquartered in East Kilbride, Scotland, has reported a pre-tax loss of £3.5m for the year to 28, September, 2023, after having posted a pre-tax profit of £44.5m in the [...]
Safestay: ‘Strong progress’ as hostel group boosted by Gen Z travel September 5, 2024 Premium hostel group Safestay have significantly shrunk their pre-tax loss as they undergo a gradual post-pandemic recovery supported by investment in new sites and demand from younger travellers. The AIM-listed company reported revenue of £10.7m in the six months ended 30 June 2024, up by 6.6 per cent from £10m in 2023. It reported earnings [...]